What is the full form of JOC

JOC: Job Order Contract

JOC stands for Job Order Contract. A job order contract (JOC) is a contract for a fixed term or maximum dollar value, whichever occurs first, in which a contractor is selected based on a competitive bid to perform various separate job orders in the future, during the life of the contract.

A Job Order Contract is a competitively bid, fixed price, multi-year construction contract based on established or published unit prices via a unit price book (UPB) or a price list with a multiplier (termed coefficient) applied to the unit prices. The unit prices are used to price construction tasks associated with the scope of work. These are often referred to as construction catalogs or automated cost databases.

The contract is an IDIQ or indefinite delivery indefinite quantity contract for on-call construction services. The contract serves as an umbrella contract with a potential maximum amount of work over a specified term such as annual or multi-year term.

BENEFITS OF JOC

Cost Savings – More dollars spent on actual construction combined with standardized cost information
More Projects Completed On-Time and On-Budget – Collaborative information sharing, detailed project scopes, and proven processes speed project delivery
Reduced Deferred Maintenance Backlog – More projects are completed simultaneously per year at predetermined prices
Reduced Legal Fees – Virtual elimination of legal disputes due to collaborative process and understanding of requirements
Fewer Change Orders – Better communication improves project scope development and yields elimination of contractor-
Transparency – Each project cost is developed via line item estimates/costs from the unit prices yielding full transparency